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Texas oil lease

Producing

POWELL "34"

Powell "34" is an oil lease in Upton County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

4 wells

3,163bbl oil, last 12 months+15% vs prior year
RRC lease
7C-09298

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
970 mcf
Oil in Jul 2026
267 bbl

Production by month

Oil output rose 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 15% over the last 12 monthsMonthly oil production and gas for POWELL "34", Aug 2023 to Jul 2026. Oil output rose 15% over the last 12 months. 3,163 bbl in the 12 months through Jul 2026, against 2,740 bbl in the 12 months before.Last 12 months: 3,163 bblbbl per monthmcf per month0010050200100300150400200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 15% over the last 12 monthsMonthly oil production and gas for POWELL "34", Aug 2023 to Jul 2026. Oil output rose 15% over the last 12 months. 3,163 bbl in the 12 months through Jul 2026, against 2,740 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2024 the lease's gas goes to a processing plant instead of lease fuel

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Aug 2024 the lease's gas goes to a processing plant instead of lease fuelShare of POWELL "34" gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2024: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2024 the lease's gas goes to a processing plant instead of lease fuelShare of POWELL "34" gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Aug 24: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 978 mcf

  • Transmission line (2)

    12% · 136 mcf

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on POWELL "34"
API numberWell no.Status
42-461-318171Active
42-461-318542Active
42-461-340624Active
42-461-340633Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers100Apr 1, 2025Aug 1, 2026
Oasis Transp & Marketing Corp.OilGathers100Jun 1, 2020Apr 1, 2025
Energy Transfer CompanyCasinghead gasGathers100Jun 1, 2015Dec 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Jun 1, 2015Dec 1, 2023
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Nov 1, 2018Jun 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

320 acres on the newest permit

The wells on this lease state different acreage

The permits state between 160 and 480 acres.

Permits for Powell "34"
API numberWell no.Acreson the permit
42-461-340624320
42-461-340633320
42-461-318542480
42-461-318171160

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for POWELL "34"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA26736576760$80.46$2.89
Jun 2026Ovintiv USA2501981441440$84.81$3.15
May 2026Ovintiv USA2613641281280$102.13$2.94
Apr 2026Ovintiv USA1400000$100.32$2.77
Mar 2026Ovintiv USA150174000$91.38$3.04
Feb 2026Ovintiv USA29835953530$64.51$3.62
Jan 2026Ovintiv USA32035492920$60.04$7.72
Dec 2025Ovintiv USA3581711001000$57.97$4.26
Nov 2025Ovintiv USA31134792920$60.06$3.79
Oct 2025Ovintiv USA27034295950$60.89$3.19
Sep 2025Ovintiv USA2841751001000$63.96$2.97
Aug 2025Ovintiv USA25433790900$64.86$2.91
Jul 2025Ovintiv USA263364000$68.39$3.20
Jun 2025Ovintiv USA26717376760$68.17$3.02
May 2025Ovintiv USA25918368680$62.17$3.12
Apr 2025Ovintiv USA22937347470$63.54$3.42
Mar 2025Ovintiv USA21617863630$68.24$4.12
Feb 2025Ovintiv USA20617751510$71.53$4.19
Jan 2025Ovintiv USA21619232320$75.74$4.13
Dec 2024Ovintiv USA20417612120$70.12$3.01
Nov 2024Ovintiv USA20019216160$69.95$2.12
Oct 2024Ovintiv USA20634528280$71.99$2.20
Sep 2024Ovintiv USA23015638380$70.24$2.28
Aug 2024Ovintiv USA24417438380$76.68$1.99
Jul 2024Ovintiv USA189372135420$81.80$2.07
Jun 2024Ovintiv USA1250117280$79.77$2.54
May 2024Ovintiv USA195155118260$80.02$2.12
Apr 2024Ovintiv USA2653389220$85.35$1.60
Mar 2024Ovintiv USA22216410170$81.28$1.49
Feb 2024Ovintiv USA28432798110$77.25$1.72
Jan 2024Ovintiv USA131156117240$74.15$3.18
Dec 2023Ovintiv USA1251689750$71.90$2.52
Nov 2023Ovintiv USA1631758900$77.69$2.71
Oct 2023Ovintiv USA148010180$85.64$2.98
Sep 2023Ovintiv USA145163110200$89.43$2.64
Aug 2023Ovintiv USA190167128360$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Ovintiv USA Inc. in Upton County

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Spraberry (Trend Area) field

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